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Fraud prevention specialist vs detective

The differences between fraud prevention specialists and detectives can be seen in a few details. Each job has different responsibilities and duties. Additionally, a detective has an average salary of $57,984, which is higher than the $37,798 average annual salary of a fraud prevention specialist.

The top three skills for a fraud prevention specialist include fraud prevention, outbound calls and customer service. The most important skills for a detective are physical evidence, patrol, and law enforcement agencies.

Fraud prevention specialist vs detective overview

Fraud Prevention SpecialistDetective
Yearly salary$37,798$57,984
Hourly rate$18.17$27.88
Growth rate6%3%
Number of jobs33,72556,521
Job satisfaction-5
Most common degreeBachelor's Degree, 44%Bachelor's Degree, 54%
Average age4944
Years of experience4-

What does a fraud prevention specialist do?

A fraud prevention specialist is in charge of reviewing and monitoring business transactions to ensure accuracy and thwart off fraudulent activities. Although the extent of their responsibilities depends on their place or industry of employment, it typically includes gathering and analyzing data, performing research and analyses, conducting audits and assessments, and utilizing various tools and programs. Moreover, a fraud prevention specialist must develop guidelines and conduct investigations on incidents to prevent them from happening again, all while enforcing the company's security policies and regulations.

What does a detective do?

A detective is responsible for conducting in-depth investigations for criminal activities, potential threats, and other law-violating incidents, coordinating closely with law-enforcement agencies and crime intelligence analysts. Detectives often work on the field, gathering data and related evidence to support claims and connect the timeline of events. They keep an organized record of their findings for further validation before reporting it to the authority. A detective must have excellent investigative and critical-thinking skills, especially on solving puzzles and security solutions.

Fraud prevention specialist vs detective salary

Fraud prevention specialists and detectives have different pay scales, as shown below.

Fraud Prevention SpecialistDetective
Average salary$37,798$57,984
Salary rangeBetween $23,000 And $61,000Between $35,000 And $95,000
Highest paying CityCerritos, CA-
Highest paying stateAlaska-
Best paying companyApple-
Best paying industryTechnology-

Differences between fraud prevention specialist and detective education

There are a few differences between a fraud prevention specialist and a detective in terms of educational background:

Fraud Prevention SpecialistDetective
Most common degreeBachelor's Degree, 44%Bachelor's Degree, 54%
Most common majorBusinessCriminal Justice
Most common collegeCalifornia State University - BakersfieldUniversity of Arizona

Fraud prevention specialist vs detective demographics

Here are the differences between fraud prevention specialists' and detectives' demographics:

Fraud Prevention SpecialistDetective
Average age4944
Gender ratioMale, 44.2% Female, 55.8%Male, 82.7% Female, 17.3%
Race ratioBlack or African American, 6.0% Unknown, 7.3% Hispanic or Latino, 12.3% Asian, 1.2% White, 71.4% American Indian and Alaska Native, 1.9%Black or African American, 11.8% Unknown, 5.0% Hispanic or Latino, 16.7% Asian, 2.8% White, 63.0% American Indian and Alaska Native, 0.7%
LGBT Percentage18%9%

Differences between fraud prevention specialist and detective duties and responsibilities

Fraud prevention specialist example responsibilities.

  • Accomplish investigations that meet the criteria for referrals to the OIG and/or the FBI.
  • Draft referrals to appropriate departments for SAR filing and further review/investigation.
  • Implement medically accurate, evidence base curriculum with the purpose of reducing teen pregnancy rates and behavioral risks underlying teen pregnancy.
  • Assist with limit increases on ATM withdrawals and point of sale purchases.
  • Educate customers on automate service options available, which include loan, ATM, and Internet banking.
  • Apply CDC definitions and guidelines when investigating infections and report to NHSN.
  • Show more

Detective example responsibilities.

  • Manage all ABC issues and applications for liquor licenses.
  • Receive multiple letters of commendation for effective investigations that lead to successful prosecutions.
  • Monitor wire taps and conduct detailed surveillance of wire tap targets and associates.
  • Sole provider of data gathering from TIGTA's complaint management system and the IRS for biweekly phishing scam reports.
  • Connect GPS devices/recorder/audio/video by hard wiring to vehicle power for longer operations.
  • Optimize critical security of dignitaries by proficiently conducting foot and vehicle patrol of concentration areas.
  • Show more

Fraud prevention specialist vs detective skills

Common fraud prevention specialist skills
  • Fraud Prevention, 20%
  • Outbound Calls, 8%
  • Customer Service, 7%
  • Financial Institutions, 6%
  • Anti-Money Laundering, 5%
  • Management System, 5%
Common detective skills
  • Physical Evidence, 15%
  • Patrol, 13%
  • Law Enforcement Agencies, 8%
  • Crime Scenes, 5%
  • Insurance Fraud, 5%
  • Public Safety, 5%

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